CTS Corporation is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, telecommunications/IT, and transportation markets.

Company profile
Ticker
CTS
Exchange
Website
CEO
Kieran O'Sullivan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Flex • Jabil • Sanmina • TTM • Benchmark Electronics • Plexus • Kimball Electronics • Key Tronic • SMTC • Sigmatron International ...
SEC CIK
Corporate docs
Subsidiaries
CTS Automotive Holdings, L.L.C. • CTS Advanced Materials, L.L.C. • CTS Electronic Components, Inc. • LTB Investment Corporation • Filter Sensing Technologies, Inc. • Tusonix, LLC. • CTS Electronic Components (California), Inc. • CTS Printex, Inc. • CTS Automotive, L.L.C. • CTS Automotive Holdings ...
IRS number
350225010
CTS stock data
News

Earnings Scheduled For August 9, 2022
9 Aug 22
12 Information Technology Stocks Moving In Thursday's After-Market Session
4 Aug 22
Looking Into CTS's Return On Invested Capital
27 Jul 22
CTS: Q2 Earnings Insights
26 Jul 22
CTS Q2 EPS $0.62 Beats $0.61 Estimate, Sales $144.98M Miss $146.31M Estimate
26 Jul 22
Press releases
CTS Corporation to Participate at the Jefferies Industrial Conference
26 Jul 22
CTS Corporation Announces Date for Second Quarter 2022 Earnings Release and Conference Call
12 Jul 22
CTS Completes Ferroperm Piezoceramics Acquisition
30 Jun 22
CTS Corporation to Host Fireside Chat at the Cowen 50th Annual Technology, Media, & Telecom Conference
18 May 22
Analyst ratings and price targets
Calendar
26 Jul 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 98.74M | 98.74M | 98.74M | 98.74M | 98.74M | 98.74M |
Cash burn (monthly) | 9.13M | 1.55M | (no burn) | 1.89M | (no burn) | (no burn) |
Cash used (since last report) | 13.29M | 2.26M | n/a | 2.75M | n/a | n/a |
Cash remaining | 85.45M | 96.47M | n/a | 95.99M | n/a | n/a |
Runway (months of cash) | 9.4 | 62.0 | n/a | 50.9 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 22 | Thomas Michael White | Common Stock | Payment of exercise | Dispose F | No | No | 34.14 | 148 | 5.05K | 3,399 |
25 May 22 | Li Ye Jane | Common Stock | Sell | Dispose S | No | No | 37.3045 | 4,200 | 156.68K | 3,600 |
24 May 22 | Li Ye Jane | Common Stock | Sell | Dispose S | No | No | 36.3875 | 4,000 | 145.55K | 7,800 |
25 Apr 22 | Thomas Michael White | Common Stock | Payment of exercise | Dispose F | No | No | 34.55 | 145 | 5.01K | 3,547 |
11 Feb 22 | O'sullivan Kieran M | Common Stock | Payment of exercise | Dispose F | No | No | 33.39 | 3,258 | 108.78K | 500,781 |
11 Feb 22 | Ashish Agrawal | Common Stock | Payment of exercise | Dispose F | No | No | 33.39 | 1,023 | 34.16K | 122,592 |
10 Feb 22 | O'sullivan Kieran M | Common Stock | Grant | Acquire A | No | No | 0 | 10,418 | 0 | 504,039 |
10 Feb 22 | O'sullivan Kieran M | Common Stock | Grant | Acquire A | No | No | 0 | 24,528 | 0 | 500,566 |
10 Feb 22 | O'sullivan Kieran M | Common Stock | Payment of exercise | Dispose F | No | No | 33.59 | 4,615 | 155.02K | 503,820 |
10 Feb 22 | O'sullivan Kieran M | Common Stock | Payment of exercise | Dispose F | No | No | 33.59 | 10,866 | 364.99K | 508,435 |
Institutional ownership, Q1 2022
91.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 162 |
Opened positions | 11 |
Closed positions | 26 |
Increased positions | 57 |
Reduced positions | 66 |
13F shares | Current |
---|---|
Total value | 1.03B |
Total shares | 29.21M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.18M | $183.2M |
TROW T. Rowe Price | 3.09M | $109.24M |
Vanguard | 2.2M | $77.89M |
Wellington Management | 1.61M | $56.98M |
Dimensional Fund Advisors | 1.53M | $53.95M |
GBL Gamco Investors | 1.49M | $52.49M |
GS Goldman Sachs | 1.37M | $48.58M |
Brown Advisory | 1.25M | $44.29M |
STT State Street | 1.08M | $38.09M |
NTRS Northern Trust | 705.47K | $24.93M |
Financial report summary
?Risks
- Because we currently derive a substantial portion of our revenues from a small number of customers, any decrease in orders from these customers could have an adverse effect on our business, financial condition and operating results.
- Our customers may cancel their orders, change production quantities or locations or delay production.
- We sell products to customers in cyclical industries that are subject to significant downturns that could materially adversely affect our business, financial condition and operating results.
- We are susceptible to trends and factors affecting industries that we serve.
- Our operating results may vary significantly from period to period.
- We may experience shortages and increased costs of raw material and required electronic components.
- We may pursue acquisition opportunities that complement or expand our business as well as divestitures that could impact our business operations. We may not be able to complete these transactions, and these transactions, if executed, may pose risks that could materially adversely affect our business, financial condition and operating results.
- We may restructure our operations or fail to execute capital projects as planned, which may materially adversely affect our business, financial condition and operating results.
- We may be unable to compete effectively against competitors.
- We may be unable to keep pace with rapid technological changes that could make some of our products or processes obsolete before we realize a return on our investment.
- Products we manufacture may contain design or manufacturing defects that could result in reduced demand for our products or services and liability claims against us.
- We are subject to government regulations, including environmental, health, and safety laws and regulations, that expose us to potential financial liability.
- Regulations related to conflict minerals could adversely impact our business.
- Negative or unexpected tax consequences could adversely affect our results of operations.
- Future dividends on our common stock may be restricted or eliminated.
- Our indebtedness may adversely affect our financial health.
- Our credit facility contains provisions that could materially restrict our business.
- Public health issues such as the COVID-19 pandemic have adversely affected, and could in the future, adversely affect our business or financial results.
- Natural disasters and adverse weather conditions may adversely impact our capability to supply product to our customers.
- Climate related events and climate change legislation could adversely impact our business.
- We face risks relating to our international operations.
- We are exposed to fluctuations in foreign currency exchange rates that may adversely affect our business, financial condition and operating results.
- If we are unable to protect our intellectual property or we infringe, or are alleged to infringe, on others' intellectual property rights, our business, financial condition and operating results could be materially adversely affected.
- Loss of our key management and other personnel, or an inability to attract key management and other personnel, could materially affect our business.
- Ineffective internal control over our financial reporting may harm our business.
- Global privacy, data protection and data security laws are highly complex, evolving rapidly, and may increase our costs to comply.
- We are exposed to, and may be adversely affected by, potential security breaches or other disruptions to our information technology systems and data security.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
European, imaging, inflow, Krone, outlined, piezoceramic, recessionary, synthetically
Removed:
April, jurisdiction, March, resin, taxed
Financial reports
Current reports
8-K
CTS Investor Presentation July 2022
26 Jul 22
8-K
CTS Announces Second Quarter 2022 Results
26 Jul 22
8-K
CTS Completes Ferroperm Piezoceramics Acquisition
1 Jul 22
8-K
Amendments to Articles of Incorporation or Bylaws
3 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
CTS Investor Presentation April 2022
28 Apr 22
8-K
CTS Announces First Quarter 2022 Results
28 Apr 22
8-K
CTS to Acquire Ferroperm Piezoceramics
13 Apr 22
8-K
CTS Investor Presentation February 2022
9 Feb 22
8-K
CTS Announces Fourth Quarter and Full Year 2021 Results
8 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
26 Jul 18
S-8
Registration of securities for employees
18 Aug 14
S-8
Registration of securities for employees
27 May 09
POS AM
Prospectus update (post-effective amendment)
19 Jul 07
POS AM
Prospectus update (post-effective amendment)
19 Jul 07
POS AM
Prospectus update (post-effective amendment)
8 May 07
424B3
Prospectus supplement
14 Feb 05
425
Business combination disclosure
30 Jan 05
425
Business combination disclosure
30 Jan 05
424B3
Prospectus supplement
26 Jan 05
Other
SD
Conflict minerals disclosure
26 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
15 May 20
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
18 May 18
SD
Conflict minerals disclosure
22 May 17
SD
Conflict minerals disclosure
24 May 16
UPLOAD
Letter from SEC
23 Feb 16
CORRESP
Correspondence with SEC
7 Feb 16
UPLOAD
Letter from SEC
26 Jan 16
Ownership
4
CTS / Thomas Michael White ownership change
5 Jul 22
11-K
Annual report of employee stock purchases
28 Jun 22
4
CTS / Ye Jane Li ownership change
26 May 22
4
CTS / Thomas Michael White ownership change
25 Apr 22
4
CTS / Thomas Michael White ownership change
14 Feb 22
4
CTS / Scott D'Angelo ownership change
14 Feb 22
4
CTS / Ashish Agrawal ownership change
14 Feb 22
4
CTS / KIERAN M O'SULLIVAN ownership change
14 Feb 22
SC 13G/A
CTS / PRICE T ROWE ASSOCIATES ownership change
14 Feb 22
SC 13G/A
CTS / VANGUARD ownership change
9 Feb 22
Patents
Utility
Radio frequency state variable measurement system and method
22 Feb 22
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
Utility
Radio Frequency State Variable Measurement System and Method
8 Apr 21
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
Utility
Advanced radio frequency sensing probe
12 Jan 21
A radio-frequency probe system with a transmitting or receiving element integrated into a cable assembly is disclosed.
Utility
Vehicle Brake Pedal with Pedal Resistance Assembly and Force/Position Sensor
11 Nov 20
A brake pedal assembly comprising a pedal and a pedal resistance force member operably coupled to the pedal.
Utility
Radio Frequency State Variable Measurement System and Method
21 Oct 20
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
Transcripts
2022 Q2
Earnings call transcript
26 Jul 22
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
8 Feb 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
9 Feb 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
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